Moen announced the introduction of SupplyNet, an Internet-based global supply-chain management tool designed to provide suppliers with the data they need to do business with Moen and communicate directly with the company.
SupplyNet delivers real-time information on all purchase orders and requirements, allowing vendors to monitor and meet Moen's current demand for parts, products and raw materials. It also gives them access to Moen's planning forecasts, production capacities and the company's evaluation of them as suppliers.
A key feature of SupplyNet is Supply Board, a vendor-specific bulletin board that gives vendors access to all their current purchase orders from Moen as well as a supply history that displays all purchasing documents online.
"SupplyNet will enable vendors' factories to become much more familiar with the overall demand for the many components they currently supply to Moen," said Robert Davies, vice president/operations, in a statement. "The interactive features certainly permit their customer-service groups to stay well ahead of any sudden changes in requirements."
Moen expects SupplyNet to eventually replace faxes, phone calls, mail and other manual communication systems, as well as increase the speed and accuracy of communication with its worldwide supply chain.